When will sugar prices in Indonesia drop?

Published 2023년 12월 14일

Tridge summary

ID Food President Director Frans Marganda Tambunan predicts a decline in sugar prices in early 2024 due to the realization of sugar imports from importers arriving at the end of December or early January. Frans said that the price of sugar at the distributor level has already started to fall, and he hopes that with the incoming imports, the price will decrease further. He attributed the increase in sugar prices to a decrease in national sugar production due to climate effects, as well as an increase in world sugar prices by more than 30% compared to the beginning of the year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - ID Food President Director Frans Marganda Tambunan predicts that sugar prices will decline in early 2024. This decline is in line with the support of a number of strategies, such as the realization of sugar imports from importers which is likely to arrive at the end of December or early January. "Well, if you ask how long it will take. It was previously conveyed by the Food Agency asking all business actors who have import permits to immediately realize it. If that is realized, someone should arrive at the end of December or early January," said Frans to journalists in Jakarta, Wednesday ( 12/13/2023). Frans said that the price of sugar at the distributor level has now started to fall by more than IDR 500 to IDR 14,800 per kg, which is known that last November the price of sugar at the distributor level reached IDR 15,500 per kg. "Hopefully with the realization (incoming imports) the price will decrease, along with the arrival of stock so that it can be ...

Source: Cnbcindonesia